Look ahead not back.
Awhile ago I posted that we needed to get back over $0.50 and stay and that this should happen by mid January. Will the $0.48-0.50 range be resistance or support going forward? Will the $0.36 financing be an extraordinary event where the inexperience of management was principally the cause or was it fairly priced which then implies a whole bag of other issues?
A weak shareprice can wreak havoc on companies such as POET. If we stay under $0.50, it may continue to be an uphill battle, including the possibility of another round of financing. Of course all of this implies delays in the development of the tech.
I really would like to see us get over the $0.50 range and stay. This implies that we are indeed making progress and that news will hit the market to provide support for the shareprice going forward. My bet is that we will indeed see positive news in the coming weeks and see the shreprice rise accordingly.
